Out with the old, in with the….old?

Out with the old, in with the….old?

Out with the old, in with the….old?

Long-time deputy president of Zimbabwe Emerson Mnangagwa has been sworn in as president replacing Robert Mugabe, who finally stepped earlier this week. However, as the team from credit insurer Coface reports, 75-year old Mr Mnangagwa is unlikely to bring dramatic change, having been one of Mr Mugabe’s companions for the past four decades in the Zimbabwe African National Union –…

European supply chain risk index finds UK lagging

European supply chain risk index finds UK lagging

European supply chain risk index finds UK lagging

The UK is near the bottom of QBE Business Insurance’s index that ranks European countries’ ability to manage supply chain risks, primarily because of its poor infrastructure. The UK ranked just 12th out of 15 countries, with only Ireland, Greece and Italy lower. The Netherlands came top for managing supply chain risks, followed by Switzerland, Sweden and Luxembourg. The index…

China’s captive market gathers steam with Yudean approval

China’s captive market gathers steam with Yudean approval

China’s captive market gathers steam with Yudean approval

The long-awaited emergence of a healthy captive insurance market in China and the wider Asian region could finally be picking up a head of steam. There are options for Chinese companies to base their captives ‘onshore’ following recent rule changes in China. But Hong Kong is keen to make sure that it is the domicile of first choice for major…

Nigeria on track for improving business environment

Nigeria on track for improving business environment

Nigeria on track for improving business environment

Nigeria’s GDP expanded by 1.4% in the third quarter of 2017 (year on year), the second quarter of growth after the recession of 2016. The World Bank said the growth reflects recovery in oil production, good performance in agriculture and stronger non-oil industry growth due to the easing of foreign exchange constraints. However, it warns many fiscal challenges remain at…

Call to improve air connectivity across Africa

Call to improve air connectivity across Africa

Call to improve air connectivity across Africa

The African Development Bank (AfDB) has called for bold actions to improve connectivity, market access and cost reduction in Africa’s aviation sector. Risk managers across the continent know the challenges of intra-Africa travel and the risks it can include. Often, senior business leaders have to travel via Europe or the Middle East to attend meetings in another Africa state. The…

Marine executives concerned over unmanned ship liability: survey

Marine executives concerned over unmanned ship liability: survey

Marine executives concerned over unmanned ship liability: survey

Uncertainty over liabilities of, and insurance for, unmanned ships is preventing the development of new technology in the marine sector, according to a new report from law firm Clyde & Co and the Institute of Marine Engineering, Science & Technology (IMarEST). The report found that 80% of 200 marine industry executives surveyed are unsure how the insurance industry will approach…

UK risk managers warned to comply with GDPR despite Brexit

UK risk managers warned to comply with GDPR despite Brexit

UK risk managers warned to comply with GDPR despite Brexit

Uk risk managers and their bosses need to forget the idea that Brexit will somehow let them off the hook when it comes to the EU’s forthcoming General Data Protection Regulations (GDPR). The UK will have to apply the tough new rules for at least ten months and probably beyond if its companies want to continue receiving personal data from…

FM Global sees growing concern over flood BI

FM Global sees growing concern over flood BI

FM Global sees growing concern over flood BI

Business interruption concerns are driving bigger investments in flood mitigation by large corporates, according to Thierry Masurel, manager, Paris operations at FM Global in France. In a year that has seen some of the biggest storms and flooding in living memory hit parts of the US and Caribbean, large companies are becoming more aware of business interruption following flood, Mr…

Eritrea joins Afriximbank

Eritrea joins Afriximbank

Eritrea joins Afriximbank

Eritrea has become the 48th country to join the African Export-Import Bank (Afreximbank). Eritrea’s President Isaias Afwerki said Eritrea would aim to be an effective contributor in Afreximbank, to encourage and ensure the creation of the environment for the delivery of the services for which the bank was created. The membership also follows the recent acquisition of shares in the…

Companies feel less prepared to face greater uncertainty

Companies feel less prepared to face greater uncertainty

Companies feel less prepared to face greater uncertainty

Corporate risk profiles are changing fast, but European companies are feeling less well prepared, according to Rory Moloney, chief executive of Aon’s Global Risk Consulting business. “Globalisation brings opportunities for international and large corporates, but never has the speed with which the risk profiles of corporates are changing been starker,” he told CRE. Corporate risk profiles are being driven by…

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